Investment opportunity with 3 units, all with separate entrances. Sale includes adjacent vacant lot. Alley access to both properties for off-street parking. Electricity is metered separately. Owner pays for gas and water. Main floor: living room, dining room, kitchen, full bathroom, and 1 bedroom with passthrough to 2nd bedroom. Upstairs: Kitchen, Living room/Dining Room with balcony, full bathroom, 2 bedrooms, with adjoining door. Basement unit is a studio apartment with kitchen, 3/4 bathroom, and one large room for living and bedroom. Shared laundry for all units in basement. *NOTE: the Boiler lines froze which operate the main floor and upper floor heat-will need a new heating system. Basement level is baseboard electric heat. Property is being sold AS IS.
The median home value in Fairmont, MN is $202,500. This is higher than the county median home value of $163,600. The national median home value is $338,100. The average price of homes sold in Fairmont, MN is $202,500. Approximately 62.47% of Fairmont homes are owned, compared to 29.77% rented, while 7.76% are vacant. Fairmont real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fairmont real estate agent to arrange a tour today!
Fairmont, Minnesota has a population of 10,465. Fairmont is less family-centric than the surrounding county with 25.42% of the households containing married families with children. The county average for households married with children is 25.79%.
The median household income in Fairmont, Minnesota is $52,975. The median household income for the surrounding county is $57,002 compared to the national median of $69,021. The median age of people living in Fairmont is 45.6 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 5.4 degrees. The average rainfall is approximately 32.3 inches per year, with 42.8 inches of snow per year.